Petrol, Diesel Price Today - After two consecutive cuts, price unchanged on Friday; crude oil falls 3% this week, 6% previous week

After reducing for two straight days, the prices of petrol and diesel remained unchanged on Friday. In a much-needed relief for the consumers, the petrol and diesel prices were reduced on Wednesday and Thursday after remaining unchanged for 24 days in a row. The prices of petrol and diesel not going up for over three weeks has been a big respite for the vehicle users. Want to know the diesel and petrol prices and if they have increased and by how much? Read here to know more. Are you worried about the fluctuations in the fuel prices and want to buy it when the prices are down? You can do it whenever you are planning to step out to refill your tank. Get prices of petrol and diesel on a day-to-day basis. 

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Daily price changes for Petrol and Diesel are effected at 6 am every day. 

You can check Petrol and Diesel price by sending SMS to 92249 92249. SMS "RSP <space>Dealer Code of Petrol Pump”. You can find the dealer code from IOCL website.  

DELHI – On Friday Petrol price was at Rs 90.78 while the Diesel Price was at Rs 81.10 down. MUMBAI - Petrol price was at Rs 97.19 while the Diesel Price was at Rs 88.20.

KOLKATA - Petrol price was at Rs 90.98 while the Diesel Price was at Rs 83.98.

CHENNAI - Petrol price was at Rs 92.77 while the Diesel Price was at Rs 86.10.

Petrol, Diesel Price – There could be some respite to the common man as crude oil prices have come down. Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said that the trend will likely continue amid rising US inventories and Covid-19 cases seen fresh spikes across the globe.

A softer oil price would keep the price of diesel and petrol in check.

Over all, the Petrol prices have come down by 39 paisa while Diesel prices have come down by 37 paisa in Delhi. The price has gone up by Rs 7.26 per litre for petrol in the last 2 months i.e. January and February, while diesel rates have increased by Rs 7.60 per litre in the national capital region.    

Crude oil prices fall 

Gupta said that the near term outlook of crude oil was weak as coronavirus pandemic cases see a spike, creating fears of a fresh lockdown. That could trigger price cuts in petrol and diesel, he said

As per Reuters, Brent crude was higher by 43 cents, or 0.7 per cent, at USD 62.38 a barrel by 0028 GMT (5:58 am India Time), after dropping 3.8 per cent on Thursday.

US West Texas Intermediate (WTI) crude was down 49 cents, or 0.8 per cent, at USD 59.05 a barrel, having tumbled 4.3 per cent  a day earlier.

Both benchmarks were on track for a weekly loss of more than 3 per cent, following a more than 6 per cent decline last week.